Glossary Archive

Independent Real Estate Broker Agreement An Independent Real Estate Broker Agreement is a contractual arrangement between a property owner and an independent broker who is not affiliated with a particular real estate agency. This agreement allows the broker to represent the owner in the sale or lease of real estate properties while maintaining their independent...

Industrial Land Lease Agreement An Industrial Land Lease Agreement is a legal contract between a landowner (lessor) and a business or entity (lessee) that allows the lessee to use a specific parcel of land for industrial purposes over a designated period in exchange for rental payments. The agreement typically outlines the terms and conditions under...

Estate Planning Estate Planning is the process of arranging for the management and disposal of an individual's assets in the event of their death or incapacitation. It aims to maximize the value of the estate by minimizing taxes and other expenses, as well as ensuring that the individual’s wishes regarding their assets, healthcare, and guardianship...

Informed Consent in Mediation Agreements Informed consent in mediation agreements refers to the process by which participants in a mediation session acknowledge that they understand and agree to the terms and conditions of the mediation process. This concept is crucial in ensuring that all parties are fully aware of their rights, the implications of mediation,...

Inheritance tax is a tax imposed on individuals who receive property or assets from a deceased person's estate. This tax is based on the value of the inheritance received and varies by jurisdiction. Inheritance tax is distinct from estate tax, which is levied on the total value of a deceased individual’s estate before the distribution...

Initial Escrow Account Disclosure Statement An Initial Escrow Account Disclosure Statement is a document required by the Real Estate Settlement Procedures Act (RESPA) that provides borrowers with essential information about the escrow account associated with their mortgage loan. This statement is typically provided at the time of closing and outlines the estimated monthly payments that...

Initial Public Offering (IPO) An Initial Public Offering (IPO) is the process through which a private company offers its shares to the public for the first time, allowing it to raise capital from public investors. This transition from a private to a public company involves several steps, including the appointment of underwriters, the registration of...

Injunctions in Arbitration Awards An injunction in the context of arbitration awards refers to a court-ordered directive that requires a party to do or refrain from doing specific acts, typically to prevent harm or to maintain the status quo while a dispute is being resolved. Unlike traditional court proceedings, arbitration is a private dispute resolution...

Injunctive Arbitration Injunctive Arbitration refers to a legal process wherein a party seeks a temporary court order (injunction) to restrain another party from taking certain actions while an arbitration proceeding is ongoing. This form of arbitration is typically utilized in situations where immediate action is necessary to prevent irreparable harm that could occur before the...

Injunctive Relief Injunctive Relief is a legal remedy that involves a court order compelling a party to do something or prohibiting them from doing something. It is typically sought in situations where monetary damages are insufficient to resolve the harm or where immediate action is necessary to prevent further injury or loss. Injunctive relief can...